QYResearch: In 2016, global revenue of automotive steel piston is nearly 100 M USD
An automotive piston is a tubular piece of metal that moves up and down inside the cylinder of an engine). The piston generates mechanical energy that provides the necessary power to drive the shaft and consequently the wheels of an automobile. In an engine, the automotive piston primarily functions by transferring force from expanding gas in the cylinder to the crankshaft via piston rod or with the help of a connecting rod.
According to QYResearch，In the last several years, global market of automotive steel piston developed rapidly, with an average growth rate of 20%. In 2016, global revenue of automotive steel piston is nearly 100 M USD; the actual production is about 11.5 K units.
Automotive steel piston is widely used in commercial vehicle. And KSPG designed the first steel piston for passenger vehicle in 2014. It will be a trend for the steel piston instead of aluminum piston.
Europe is the largest consumption place, with a consumption market share nearly 64% in 2016. Following Europe, North America is the second largest consumption place with the consumption market share of 14%.
Market competition is intense. Recently MAHLE, KSPG and Federal-Mogul supply steel piston around the world. They are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
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